Fed Governor Miran Recognizes Stablecoins as a 'Force to Be Reckoned With,' Citing Potential Impact on Interest Rates
Fed Governor Miran Recognizes Stablecoins as a 'Force to Be Reckoned With,' Citing Potential Impact on Interest Rates
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Fed Governor Stephen Miran made his initial public comments on cryptocurrency, describing stablecoins as an "area of enormous growth" and a "force to be reckoned with." He highlighted their potential to exert downward pressure on interest rates, signifying growing regulatory attention to the digital asset space.
Fed Governor Miran calls stablecoins ‘a force to be reckoned with’ that could put downward pressure on interest rates
Stablecoins are an "area of enormous growth," said Fed Governor Stephen Miran as he spoke about cryptocurrency for the first time.